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Listen Here: Changes to Residential Agreement to Buy/Sell
LOUISIANA REALTORS • Nov 07, 2018
The process for making changes and updates to the Residential Agreement to Buy/Sell
is a joint effort between Louisiana REALTORS and the Louisiana Real Estate Commission. As 2019 approaches, real estate licensees and practitioners will see some changes and updates to the form that resulted from over 200 comments and ideas sent to the workgroup for deliberation.
In the below video, Commissioner Rick Roberts reviews the various lines and changes and many will see the same items being discussed throughout the 2019 Mandatory CE topic: LREC Updates & Addenda
prepared by Burk Baker and Anna B. Trimble, Esq.
The 2019 course material will cover the following:
I. Section One: Updates to the Louisiana Residential Agreement to Buy or Sell
II. Section Two: In-Depth Portions
a. Financing
b. Inspection Period
c. Curative Work and Merchantable Title
III. Section Three: Addenda
a. LREC Property Disclosures
b. Buyer Agency Agreement
c. Condominium Agreement
d. Contingency Agreement
e. Flood Insurance Purchase Requirement Addendum
f. New Construction Addendum
g. Notice of Ministerial Acts
h. One Time Listing with Representation
i. One Time Showing Without Representation
j. Right of First Refusal Addendum
IV. Section Four: MyLREC Portal
a. Portal Features
b. How to access
c. User ID and password lookup
d. Auto forwarding your MyLREC Email
Should you have questions or need clarification on any items covered in the recording, please contact us by emailing info@larealtors.org, or clicking the button below.
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NAR President Kevin Sears joined the Real Estate Insiders Unfiltered podcast answering questions about the future of NAR and the recently announced settlement agreement. The podcast can be viewed here .
Last week NAR President Kevin Sears checked in from Wyoming, where he met with REALTORS® from six western states at the Region 11 Conference. Kevin’s attended many member town halls across the country to answer questions about the settlement; keep up with the latest at facts.realtor . You can watch Kevin’s video here to learn about a valuable member service we’re offering at no additional cost, as well as how members can engage with NAR committees. This video is also in the video section of our website. Stay tuned for Kevin’s next update. ADDITIONAL RESOURCES Throughout 2024, NAR is making the popular Accredited Buyer’s Representative (ABR®) designation course, typically $295, available to REALTORS® at no cost. Take the first step toward earning your ABR® designation at become.abr.realtor . NAR members can continue to access the latest information about the settlement on facts.realtor . NAR will also continue to provide updates about the settlement process for non-members – such as clients and consumers – on competition.realtor . Visit ThatsWhoWeR.realtor to view the consumer campaign ads, and to leverage turnkey advertising and social assets to share. The campaign demonstrates the expertise of REALTORS® helping their clients navigate the risks, pitfalls, and complexities of buying or selling a home or property, reinforcing their expertise, commitment and consumer-first approach.
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